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Board considers amended loan and disbursement agreement for Festina sewer project
Summary
Supervisors reviewed a resolution to approve an amended and restated general obligation sewer improvement loan and disbursement agreement for the Festina sewer project; staff said much of the project received state loan forgiveness.
The board reviewed a resolution related to the Festina sewer improvement project: an amended and restated general obligation loan and disbursement agreement necessary to reflect loan forgiveness and the project’s financing structure.
Staff explained that the county signed the loan in the county’s name while the unincorporated Festina sewer district uses sewer bill proceeds to repay the loan; a significant portion of the project received state loan forgiveness. The resolution formalizes the updated repayment and disbursement schedule so the county can close out project financing.
A motion to accept the amended and restated loan and disbursement resolution was made and seconded during the miscellaneous items portion of the meeting. The transcript records the motion and second and discussion referencing the loan and repayment structure; a formal roll‑call vote or tally was not recorded in the available transcript excerpt, so the article notes the motion and next steps but does not assert a final adopted status.
